Microsoft to unbundle Teams from Office in bid to avert EU antitrust fine August 31, 2023 Microsoft will unbundle its chat and video app Teams from its Office product and make it easier for rival products to work with its software, the US company said on Thursday in a move aimed at staving off a possible EU antitrust fine. The proposed changes came a month after the European Commission launched an [...]
Build me up: make ‘retrofit first’ a legal requirement to save London’s skyline August 22, 2023 Developers buying historic buildings should first be asked to try and restore it with a modern twist before they go full steam-ahead with demolition, writes Graham Clemett.
Wework credit rating slashed after casting doubt over its future August 17, 2023 Troubled office space provider Wework saw its credit rating slashed yesterday evening after the firm cast doubt over its ability to continue operating. US credit rating agency Fitch Ratings cut Wework’s rating from CC to CCC. This is one of the lowest rankings on the credit rating scale, and means the agency believes there is [...]
Keeping loss-making giants like WeWork flush with VC cash is killing competition August 14, 2023 WeWork hasn't had to turn a profit because an endless amount of venture capital cash has allowed them to challenge all other workspaces, writes Jordan Greenaway.
It’s not an office, it’s an “engagement hub”: Zoom opens new London HQ August 10, 2023 Zoom has asked staff to be in the office more often - but staff in the UK will instead be returning to "an engagement hub."
WeWork: Flexible office space giant raises ‘substantial doubt’ over its future August 9, 2023 We Work has suffered a sharp fall in its share price after raising "substantial doubt" over its future.
Softbank reports mixed quarter as it ‘timidly’ restarts investment August 8, 2023 Japan’s Softbank Group posted a surprise loss but said it was dipping its toes back into new investments after its Vision Fund unit returned to the black for the first time in six quarters. The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for the April-June period, helped by [...]
Hybrid working ‘big bang’ drives Regus-owner IWG’s record revenue August 8, 2023 Booming demand for hybrid working saw workspace provider IWG, which owns Regus, net a record £1.7bn in system-wide revenue in the first half, up 16 per cent year-on-year.
These Rome hotels finally offer comfort, style (and swimming) in the big city August 7, 2023 A range of new boutique Rome hotels make Italy’s most- visited destination hot right now, says Justine Gosling In the ancient Italian capital, revered crumbling relics stubbornly hold position on every corner. Its grand theatrical architecture seduces and its slow decay over millennia has established Rome’s uniquely elegant style that has earned the city the [...]
South Bank: US developer plans three new skyscrapers by Blackfriars Bridge August 7, 2023 The South Bank may be set for three more skyscrapers after US property developer Hines submitted plans for an underdeveloped site near Blackfriars Bridge.